Ustda Grant Agreement

The USTDA grant will support the installation of a software analysis platform for artificial intelligence to assess road traffic in Istanbul, optimize public transport, manage traffic incidents and adapt to changing models. When a sponsor of a project abroad partners with a U.S. company as a preferred partner or supplier, USTDA can provide a “insole sources” grant so that the project sponsor can enter into a contract with the U.S. company to carry out the project preparation work. The U.S. company must submit a detailed project proposal to the USTDA and, as a general rule, share labour costs and participate in a successful fee program. The successful application for the grant enabled PGE to finance the development of the Grootpoort project, a 75 MW photovoltaic power plant in the State of Bavaria. This project will create hundreds of jobs during construction and provide South Africa with clean solar energy, which will have a positive impact on economic productivity. “I believe that USTDA`s data analytics platform will make a significant contribution to Istanbul`s digital transformation. This valuable cooperation will benefit all Stambouliotes and our good relations will only be strengthened in the future,” said Mayor Ekrem Imamolu. The grant will support the modernization and transformation of the thinking of the urban transportation system.

USTDA`s support is funding a pilot project to improve congestion and optimize public transport in Turkey`s largest city,” the agency said in a statement. Istanbul Mayor Ekrem Imamo-lu and U.S. Ambassador David Satterfield have signed a $5 million grant agreement between the metropolitan city of Istanbul (IMM) and the U.S. Trade and Development Agency (USTDA). The grant will minimize congestion in Istanbul by optimising public transport infrastructure. Castalia applied to the U.S. Trade and Development Agency for a $1.1 million grant for the development of the project, which the USTDA approved and awarded to pGE. We have established a team of engineering and law experts to advise on the technical, financial and commercial aspects of the project, and as financial advisor for the project, Castalia will mobilize $80 million for the construction of the plant. Pele Green Energy (PGE), South Africa`s largest independent electricity producer (PPI), intends to develop a 75 MW solar photovoltaic plant to enter into a power purchase agreement with Eskom. The company had to fund $1.1 million to fund a technical, financial and economic feasibility study of the project. Guidelines for the presentation and development of proposals for activities funded by USTDA grants. Developed jointly by the American technology company Cisco and PLDT, the courses offered as part of the training grant will be used to support PLDT`s transformation and digitization initiatives.